Lympo is a subsidiary of Animoca Brands that is building a GameFi product ecosystem based on officially licensed athletes’ non-fungible tokens (NFTs). Lympo’s products currently include NFT Minting and NFT Staking Platforms as well as two upcoming sports-themed play-to-earn games.
Lympo announced earlier this week the launch of its new $SPORT token, a new ERC-20 token, bridged to the Polygon Technology Network and BNB Chain. The token is supposedly going to add to the “enrichment” of Lympo’s GameFi ecosystem. Additionally, the $SPORT token will enable holders the ability to participate in Lympo’s treasury management governed by the principles of a decentralized autonomous organization (DAO).
There are plans to integrate the new $SPORT token into Lympo’s two upcoming web3 play-to-earn games. Both games will be launched in cooperation with Magnus Carlsen, the best chess player in the world, and his team.
Lympo’s blockchain-powered chess-inspired game will be released later this year in collaboration with the PMG’s Champions chess academy Tour and in partnership between Animoca Brands and Play Magnus Group (PMG).
